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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($)
shares in Millions, $ in Millions
Total
Total INNOVATE Stockholders' (Deficit) Equity
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
[1]
Non- controlling Interest
Temporary Equity
Beginning balance (in shares) at Dec. 31, 2021     77.8            
Beginning balance at Dec. 31, 2021 $ (56.2) $ (84.3) $ 0.1 $ 330.6 $ (5.2) $ (416.2) $ 6.4 $ 28.1  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 0.8 0.8   0.8          
Preferred stock dividend (2.1) (0.8)   (0.8)       (1.3) $ (0.3)
Issuance of common stock (in shares)     0.6            
Transactions with noncontrolling interests (0.1) 0.1   0.1       (0.2) 0.1
Other 0.1 0.1   0.1          
Net (loss) income (12.4) (12.4)       (12.4)      
Other comprehensive (loss) income 0.6 0.6         0.6    
Ending balance (in shares) at Mar. 31, 2022     78.4            
Ending balance at Mar. 31, 2022 (69.3) (95.9) $ 0.1 330.8 (5.2) (428.6) 7.0 26.6  
Beginning balance at Dec. 31, 2021                 68.1
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Preferred stock dividend (2.1) (0.8)   (0.8)       (1.3) (0.3)
Transactions with noncontrolling interests (0.1) 0.1   0.1       (0.2) 0.1
Net (loss) income                 (1.7)
Other comprehensive (loss) 0.6 0.6         0.6    
Ending balance at Mar. 31, 2022                 66.2
Beginning balance (in shares) at Dec. 31, 2022     78.8            
Beginning balance at Dec. 31, 2022 (90.6) (121.3) $ 0.1 330.1 (5.3) (452.1) 5.9 30.7  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 0.5 0.5   0.5          
Taxes paid in lieu of shares issued for share-based compensation (in shares)     (0.1)            
Taxes paid in lieu of shares issued for share-based compensation (0.1) (0.1)     (0.1)        
Preferred stock dividend (0.9) (0.9)   (0.9)         (0.3)
Issuance of common stock (in shares)     0.3            
Distributions to noncontrolling interests (10.7)             (10.7) (5.2)
Transactions with noncontrolling interests 0.1 (2.9)   (2.9)       3.0 0.1
Net (loss) income (6.8) (9.0)       (9.0)   2.2  
Other comprehensive (loss) income (9.6) (7.4)         (7.4) (2.2) (0.5)
Ending balance (in shares) at Mar. 31, 2023     79.0            
Ending balance at Mar. 31, 2023 (118.1) (141.1) $ 0.1 326.8 $ (5.4) $ (461.1) (1.5) 23.0  
Beginning balance at Dec. 31, 2022 61.0               61.0
Increase (Decrease) in Temporary Equity [Roll Forward]                  
Preferred stock dividend (0.9) (0.9)   (0.9)         (0.3)
Transactions with noncontrolling interests 0.1 (2.9)   $ (2.9)       3.0 0.1
DBMGi preferred stock liability reclass (41.8)                
Net (loss) income                 (1.2)
Other comprehensive (loss) (9.6) $ (7.4)         $ (7.4) $ (2.2) (0.5)
Ending balance at Mar. 31, 2023 $ 12.1               $ 12.1
[1] (a) Inclusive of other comprehensive (loss) income, foreign currency cumulative translation adjustments totaled a loss of $2.7 million and income of $5.8 million as of March 31, 2023 and 2022, respectively.